The move comes just days after more than 200 workers at the refinery were told they would lose their jobs because of the plunge in nickel prices.

FTI will carry out an urgent assessment of the company's finances and determine whether it is still viable.

"No significant changes to the company's trading operations are anticipated in the immediate term," Mr Park said in a statement on Monday.

"As administrators, we will act independently at all times, although we will work with Queensland Nickel management and staff in continuing to operate the business."

A creditors meeting is expected to be held in late January.

Mr Palmer unsuccessfully tried to get the Queensland government to guarantee a $35 million loan to help ensure the ongoing employment of 800 workers at the refinery, as the company battles with 15-year low nickel prices.